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"Why it pays to invest in bosses who blame themselves"

| June 6, 2006

by Jim Bruce

In the April 1, 2006 issue of Business 2.0, Jeffrey Pfeffer, 
Professor of Organizational Behavior at Stanford’s Graduate School of 
Business, argues that it pays to invest in leaders who blame 
themselves when things go wrong.  His focus is on CEOs and he uses 
the metric of stock prices in his argument.
However, the points he makes — that taking responsibility is good 
leadership and that no problem can be fixed until leaders name and 
describe it — is as important to the types of organizations you lead 
as it is to the corporate world.  So, I think that you will find the 
piece, which can be found at
Have a great week.  We have sunshine today in Boston — at last — 
though the weather says it won’t last.
. . . . .  jim